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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 18, 2024
REVOLVE GROUP, INC.
(Exact name of Registrant as Specified in Its Charter)
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Delaware |
001-38927 |
46-1640160 |
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
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12889 Moore Street Cerritos, California |
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90703 |
(Address of Principal Executive Offices) |
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(Zip Code) |
(562) 677-9480
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class: |
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Trading Symbol(s): |
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Name of each exchange on which registered: |
Class A Common Stock, par value $0.001 per share |
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RVLV |
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New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 18, 2024, the board of directors (the “Board”) of Revolve Group, Inc. (the “Company”) appointed Jennifer Baxter Moser to serve as a member of the Board, effective immediately. The Board also appointed Ms. Moser to serve as a member of the Audit Committee and the Compensation Committee. Ms. Moser previously served on the Board from December 2012 through July 2020.
In 2012, Ms. Moser led a strategic investment in REVOLVE by TSG Consumer Partners, where she served from 2007 through 2023, as managing director and eventually partner. During her 16-year tenure at TSG, Ms. Moser led investments in and served on the board of several high-growth consumer companies including e.l.f. Cosmetics, Paige Denim, Smashbox Cosmetics, Backcountry and Scopely. Prior to TSG Consumer Partners, she was a consultant at Bain & Company where she worked in several industries, including consumer products and retail, and across multiple practice areas including brand strategy, merger integration and organizational design. Ms. Moser also worked in Bain's private equity practice, where she conducted strategic and operational due diligence for private equity clients.
Ms. Moser will be entitled to receive cash and equity compensation under the Company’s outside director compensation policy, which is described in the section of the Company’s definitive proxy statement on Schedule 14A titled “Board of Directors and Corporate Governance—Outside Director Compensation Policy,” filed with the SEC on April 28, 2023.
There are currently no agreements, arrangements or understandings between Ms. Moser and any other person pursuant to which Ms. Moser was appointed to serve as a member of the Board. There are currently no transactions in which Ms. Moser has an interest requiring disclosure under Item 404(a) of Regulation S-K as promulgated under the Securities Exchange Act of 1934, as amended.
On January 19, 2024, the Company issued a press release announcing the appointment of Ms. Moser to the Board, which is attached as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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REVOLVE GROUP, INC. |
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Date: January 19, 2024 |
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By: |
/s/ JESSE TIMMERMANS |
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Jesse Timmermans |
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Chief Financial Officer |
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Exhibit 99.1
REVOLVE Reappoints Jennifer Baxter Moser to its Board of Directors
Los Angeles, CA – January 19, 2024 - Revolve Group, Inc. (NYSE: RVLV) today announced the reappointment of Jennifer (“Jenny”) Baxter Moser to its board of directors, effective immediately. Baxter Moser will also serve as a member of the audit committee and compensation committee
Baxter Moser previously served on REVOLVE’s board of directors during a period of significant growth and value creation from December 2012 through July 2020.
“We are excited to welcome back Jenny to REVOLVE’s board of directors,” said co-founder and co-CEO Mike Karanikolas. “She made pivotal contributions to our success in her initial tenure as a board member, including playing a key role in developing our owned brand strategy and in the launch of REVOLVE Beauty, our fastest growing product category.”
“Jenny’s extensive industry knowledge and deep insights into the REVOLVE core customer demographic will add significant value to our boardroom discussions,” added co-founder and co-CEO Michael Mente.
In 2012, Baxter Moser led a strategic investment in REVOLVE by TSG Consumer Partners, a firm she joined in 2007 and served as partner from 2013 through 2023. During her 16-year tenure at TSG, Baxter Moser led investments in and served on the board of several high-growth consumer companies, including e.l.f. Cosmetics, Paige Denim, Smashbox Cosmetics, Backcountry and Scopely.
Prior to TSG Consumer Partners, Baxter Moser was a consultant at Bain & Company where she worked in several industries, including consumer products and retail, and across multiple practice areas including brand strategy, merger integration, organizational design and private equity due diligence.
“One of the highlights of my career was leading TSG’s incredibly successful investment in REVOLVE, a partnership that further increased my passion for the REVOLVE brand and appreciation for its innovative business model,“ said Baxter Moser. “I am excited to rejoin the board and partner with Mike, Michael and their talented team to capitalize on the long runway for growth ahead.”
Baxter Moser received a dual degree in Economics and Communications from Stanford University and an MBA from Harvard Business School.
About Revolve Group, Inc.
Revolve Group, Inc. (NYSE: RVLV) is the next-generation fashion retailer for Millennial and Generation Z consumers. As a trusted premium lifestyle brand and a go-to online source for discovery and inspiration, we deliver an engaging customer experience from a vast yet curated offering of apparel, footwear, accessories, beauty and home products. Our dynamic platform connects a deeply engaged community of millions of consumers, thousands of global fashion influencers and more than 1,000 emerging, established and owned brands.
We were founded in 2003 by our co-CEOs, Michael Mente and Mike Karanikolas. We sell merchandise through two complementary segments, REVOLVE and FWRD, that leverage one platform. Through REVOLVE, we offer an assortment of premium apparel, footwear, accessories and beauty products from emerging, established and owned brands. Through FWRD, we offer an assortment of curated and elevated iconic and emerging luxury brands. For more information, visit www.revolve.com.
Investor Relations Contact:
Erik Randerson, CFA
1-562-677-9513
IR@revolve.com
Media Contact:
Jennifer Walker
revolve@walkerdrawas.com
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